Gaddafi’s billions go missing from Belgian bank

Between 2013-2017, more than 10 billion dollars have disappeared from Libyan accounts in the Belgian Euroclear Bank. The funds belonged to the closest circle of the deposed Libyan leader Muammar Gaddafi, and were frozen by the UN in 2011.

On November 29, 2013 there were 16.1 billion euros. The accounts were largely held by the Libyan Investment Authority and Libyan Foreign Investment Company.

In the investigation of autumn 2017, the accounts had about 5 billion euros left.

Belgium never unfreezed these assets, therefore, there is a question of “proper control”. The investigation is ongoing.

Inessa Sinchougova is an Editor and Journalist at Fort Russ News, as well as a research fellow and translator of the Belgrade based think-tank, the Center for Syncretic Studies. She was educated at Victoria University of Wellington (New Zealand), in the field of Political Science and was previously employed in Marketing and Communications Strategy for a Multi-National Corporation. She runs a popular YouTube channel for translations of key Russian Foreign Policy figures and appears regularly on other alternative media channels. If you like her work, you can support her Patreon here.